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Cryptoassets & Blockchain Legal News

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Saudi Arabia

Saudi Arabia and UAE to Launch Cryptocurrency for Cross-Border Transactions

The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the United Arab Emirates’ (UAE) have announced plans to issue a cryptocurrency to facilitate financial transactions between the two nations. The announcement was made by CBUAE Governor Mubarak Rashed Al Mansouri, speaking at the Arab Fintex Forum in Abu Dhabi on Wednesday (Dec 12), … Continue reading Saudi Arabia and UAE to Launch Cryptocurrency for Cross-Border Transactions

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